Renault CEO to unveil turnaround plan in January

Renault CEO Luca de Meo will present his turnaround plan for the automaker on Jan. 14. The Italian executive plans a "revolution" at the French company, so he is calling his plan "Renaulution." De Meo describes the key points of the restructuring to the automaker's executives and employee representatives in an internal paper of several pages. The paper was obtained by Automobilwoche, a German language sister publication of Automotive News Europe.